That just sounds like IR didn't read the Q1.
It's in there, I read it, and it didn't come from the message boards.
40 million MJNA shares issued to Michelle as additional compensation for services to the company in 2011 and 2012.
That's a whopping 5% dilution of the company for a bonus. It's too much money now even at these low prices.
And if she doesn't know that registering to sell that max amount of shares every quarter is an extremely negative piece of PR, then it's another example of her incompetence. These are the details investors pick over, for good reasons - the same reasons why that form is public.